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Gregory A. Rooney
2 Kent Rd
Newtown, CT 06470
(818) 800-7666
gregr2865@aol.com
_______________________________________________________________________
Insurance financial executive with 20 years of combined experience focused in the Life
and Retirement sector of the insurance industry, including “Big 4.” Holding positions of
Chief Financial Officer, Controller, and Senior Vice President of Financial Planning and
Analysis; a proven, seasoned leader with extensive experience in US GAAP (including
SEC) and statutory reporting, financial planning and analysis, strategic initiatives
implementation, and talent development.
________________________________________________________________________
EXPERIENCE:
AIG/SunAmerica Financial Group 05/2010 to 08/2015
Multi-line Financial Services Company with over $500 billion in assets
Comprehensive Capital Analysis and Review “CCAR” Lead for AIG Enterprise
Financial Transformation 03/2015 to present
• Responsible for CCAR transformation for all of AIG
SVP Financial Planning and Analysis for Life and Retirement02/2012 – 03/2015
• Responsible for Budgeting, Forecasting, Analytics and Management Reporting,
including KPI’s for $4.5 B PTOI reporting unit including results from investments,
underwriting and expenses
• Responsible for CCAR Process, modeling and remediation
• Responsible for presenting results to Sr. Management and the FED.
• Lead implementation of proper controls and review procedures to meet Fed
requirements.
• Implemented source of earnings style management reporting
• Built out FP&A team from scratch as part of the finance target operating model
implementation
• Responsible for executive scorecard metrics development and monitoring
Accomplishments: Lead the process improvement of L&R CCAR, taking it from
running 30 days late in submission to a track record of on-time completion while
improving the control environment and accuracy.
EVP Divisional CFO SunAmerica 10/2010 – 02/2012
• Responsible for loan securitizations, Finance, Tax, Accounting and Reporting
• Oversaw technical accounting for loans, investment and real estate, as well as
analytics
• Responsible for fair value of loans and bonds including impairment and credit
loss analysis
• Responsible for SFAS 167 analysis for over 1,000 partnerships (VIE’s)
Accomplishments: Helped develop an investment strategy to allow AIG to leverage
its tax loss carry forwards through the resale of state tax credits, thus increasing the
profit margin.
VP Reporting and Analysis 5/2010 – 10/2010
• Subject Matter Expert for technical accounting and SEC Reporting
• Responsible for technical accounting for loans, investment and real estate, as
well as analytics investments and real estate
• Key member of a team working on real estate loan securitizations
Accomplishments: Discovered $200 million accounting error in partnership
impairments and developed subsequent impairment policy and procedures.
Gregory A. Rooney
2 Kent Rd
Newtown, CT 06470
(818) 800-7666
gregr2865@aol.com
National Life Insurance of Vermont 01/2009 to 05/2010
Life Insurance
Vice President and Controller
• Responsible for the accounting and reporting for GAAP and SAP
• Developed implemented accounting policy for OTTI during the financial
crisis, successfully utilizing both GAAP and SAP accounting principles to limit
cut potential OTTI by 75% as proposed by external accountants
• Updated accounting policy for Indexed annuity guarantees under SFAS 157
• Developed source of earnings management reporting
Accomplishments: Member of the capital committee that successfully issued
surplus notes of $250 million to secure enough capital to support current
business. Designed and implemented impairment policy for investments
including mortgage loans.
AIG/SunAmerica 12/2006 to 01/2009
Multi-line Fortune 20 Financial Services Company with over $1 Trillion in assets
Director of Accounting Policy, Retirement Services
• Subject Matter Expert for technical accounting and SEC Reporting
• Responsible for accounting policy for Life, Variable Annuities, Fixed Annuities,
Guaranteed Investment Contracts, Investments and Derivatives
Accomplishments: Led derivative accounting and hedge accounting for Retirement
Services and was the lead in implementing SFAS 157 for the Retirement Services
business.
GE Financial Assurance/Genworth Financial 06/2004 to 12/2006
Multi-line Financial Services Company with over $100 billion in assets
Sr. Manager of Internal Audit
• Subject Matter Expert for technical accounting and SEC Reporting
• Lead on staff development plan, department recruiting and training
• Report out audit results to CEO and CFO as well as Business Leaders on a
quarterly basis
• Managed a team of ten administratively as well as up to 15 associates at a time
on various audits
Manager of SEC Reporting
• Developed the SEC Reporting process from the ground up, including the first
10Q and 10K and three secondary equity offerings and one debt offering
• Responsible for review of SEC Filings with the CEO, CFO, General Counsel and
the disclosure committee consisting of the Genworth senior leadership team
• Responsible for MD&A for all segments (Retirement and Investment Income,
Mortgage Insurance, Protection and Corporate)
• Primary contact with external auditors and both internal and external legal
counsel in regards to financial reporting
Accomplishments: Set up SEC Reporting process for new public company. Headed
the SEC reporting process for four subsequent stock and debt offerings as part of the
spin-off from GE. Helped develop the strategy and model for the newly formed
Internal Audit Department. As part of the Internal Audit Process found a $150 million
accounting error in the Mortgage Insurance business.
Gregory A. Rooney
2 Kent Rd
Newtown, CT 06470
(818) 800-7666
gregr2865@aol.com
Brown Jordan International, Inc. 2003 to 2004
Furniture Manufacturer with over $350 million in revenue.
Corporate Controller
• Responsible for the accounting and finance function for the entire Company,
including supervision of a staff of six plus ten-plant controllers
• Responsible for SEC Filings and compliance with GAAP
• Responsible for banking relationships, including $250 million worth of debt and
public bonds.
Accomplishments: Set up new GL accounting structure with job and department
codes to track expenses by department, project, and channel. Revamped Travel and
Entertainment Policy to cut costs by instituting per diems for meals, hotel limits and
airfare requirements. Structured catalog expenses to be in compliance with GAAP.
Alliance Entertainment Corp. 2000 to 2003
Distribution and Fulfillment Services Company with over $1 Billion in revenue.
Manager of Financial Reporting
Arthur Andersen LLP, Hartford, CT and Miami, FL. 1995 to 2000
Audit Manager/Senior (Primary focus in Life Insurance, Investments and Healthcare)
• Industry exposures include Insurance, Financial Services, Healthcare,
Pharmaceutical and High Tech Industries
• Financial Audits, Review of SEC filings including Registration Statements, 10K
and 10Q
• Statutory Audits for the State of New Jersey and Minnesota
EDUCATION: CPA, CIDA (Certified Derivatives and Investment Auditor)
MBA coursework at Sacred Heart University, Fairfield, CT
(3.83 GPA).
BA, Mathematics from Western Connecticut State University,
Danbury, CT

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Rooney

  • 1. Gregory A. Rooney 2 Kent Rd Newtown, CT 06470 (818) 800-7666 gregr2865@aol.com _______________________________________________________________________ Insurance financial executive with 20 years of combined experience focused in the Life and Retirement sector of the insurance industry, including “Big 4.” Holding positions of Chief Financial Officer, Controller, and Senior Vice President of Financial Planning and Analysis; a proven, seasoned leader with extensive experience in US GAAP (including SEC) and statutory reporting, financial planning and analysis, strategic initiatives implementation, and talent development. ________________________________________________________________________ EXPERIENCE: AIG/SunAmerica Financial Group 05/2010 to 08/2015 Multi-line Financial Services Company with over $500 billion in assets Comprehensive Capital Analysis and Review “CCAR” Lead for AIG Enterprise Financial Transformation 03/2015 to present • Responsible for CCAR transformation for all of AIG SVP Financial Planning and Analysis for Life and Retirement02/2012 – 03/2015 • Responsible for Budgeting, Forecasting, Analytics and Management Reporting, including KPI’s for $4.5 B PTOI reporting unit including results from investments, underwriting and expenses • Responsible for CCAR Process, modeling and remediation • Responsible for presenting results to Sr. Management and the FED. • Lead implementation of proper controls and review procedures to meet Fed requirements. • Implemented source of earnings style management reporting • Built out FP&A team from scratch as part of the finance target operating model implementation • Responsible for executive scorecard metrics development and monitoring Accomplishments: Lead the process improvement of L&R CCAR, taking it from running 30 days late in submission to a track record of on-time completion while improving the control environment and accuracy. EVP Divisional CFO SunAmerica 10/2010 – 02/2012 • Responsible for loan securitizations, Finance, Tax, Accounting and Reporting • Oversaw technical accounting for loans, investment and real estate, as well as analytics • Responsible for fair value of loans and bonds including impairment and credit loss analysis • Responsible for SFAS 167 analysis for over 1,000 partnerships (VIE’s) Accomplishments: Helped develop an investment strategy to allow AIG to leverage its tax loss carry forwards through the resale of state tax credits, thus increasing the profit margin. VP Reporting and Analysis 5/2010 – 10/2010 • Subject Matter Expert for technical accounting and SEC Reporting • Responsible for technical accounting for loans, investment and real estate, as well as analytics investments and real estate • Key member of a team working on real estate loan securitizations Accomplishments: Discovered $200 million accounting error in partnership impairments and developed subsequent impairment policy and procedures.
  • 2. Gregory A. Rooney 2 Kent Rd Newtown, CT 06470 (818) 800-7666 gregr2865@aol.com National Life Insurance of Vermont 01/2009 to 05/2010 Life Insurance Vice President and Controller • Responsible for the accounting and reporting for GAAP and SAP • Developed implemented accounting policy for OTTI during the financial crisis, successfully utilizing both GAAP and SAP accounting principles to limit cut potential OTTI by 75% as proposed by external accountants • Updated accounting policy for Indexed annuity guarantees under SFAS 157 • Developed source of earnings management reporting Accomplishments: Member of the capital committee that successfully issued surplus notes of $250 million to secure enough capital to support current business. Designed and implemented impairment policy for investments including mortgage loans. AIG/SunAmerica 12/2006 to 01/2009 Multi-line Fortune 20 Financial Services Company with over $1 Trillion in assets Director of Accounting Policy, Retirement Services • Subject Matter Expert for technical accounting and SEC Reporting • Responsible for accounting policy for Life, Variable Annuities, Fixed Annuities, Guaranteed Investment Contracts, Investments and Derivatives Accomplishments: Led derivative accounting and hedge accounting for Retirement Services and was the lead in implementing SFAS 157 for the Retirement Services business. GE Financial Assurance/Genworth Financial 06/2004 to 12/2006 Multi-line Financial Services Company with over $100 billion in assets Sr. Manager of Internal Audit • Subject Matter Expert for technical accounting and SEC Reporting • Lead on staff development plan, department recruiting and training • Report out audit results to CEO and CFO as well as Business Leaders on a quarterly basis • Managed a team of ten administratively as well as up to 15 associates at a time on various audits Manager of SEC Reporting • Developed the SEC Reporting process from the ground up, including the first 10Q and 10K and three secondary equity offerings and one debt offering • Responsible for review of SEC Filings with the CEO, CFO, General Counsel and the disclosure committee consisting of the Genworth senior leadership team • Responsible for MD&A for all segments (Retirement and Investment Income, Mortgage Insurance, Protection and Corporate) • Primary contact with external auditors and both internal and external legal counsel in regards to financial reporting Accomplishments: Set up SEC Reporting process for new public company. Headed the SEC reporting process for four subsequent stock and debt offerings as part of the spin-off from GE. Helped develop the strategy and model for the newly formed Internal Audit Department. As part of the Internal Audit Process found a $150 million accounting error in the Mortgage Insurance business.
  • 3. Gregory A. Rooney 2 Kent Rd Newtown, CT 06470 (818) 800-7666 gregr2865@aol.com Brown Jordan International, Inc. 2003 to 2004 Furniture Manufacturer with over $350 million in revenue. Corporate Controller • Responsible for the accounting and finance function for the entire Company, including supervision of a staff of six plus ten-plant controllers • Responsible for SEC Filings and compliance with GAAP • Responsible for banking relationships, including $250 million worth of debt and public bonds. Accomplishments: Set up new GL accounting structure with job and department codes to track expenses by department, project, and channel. Revamped Travel and Entertainment Policy to cut costs by instituting per diems for meals, hotel limits and airfare requirements. Structured catalog expenses to be in compliance with GAAP. Alliance Entertainment Corp. 2000 to 2003 Distribution and Fulfillment Services Company with over $1 Billion in revenue. Manager of Financial Reporting Arthur Andersen LLP, Hartford, CT and Miami, FL. 1995 to 2000 Audit Manager/Senior (Primary focus in Life Insurance, Investments and Healthcare) • Industry exposures include Insurance, Financial Services, Healthcare, Pharmaceutical and High Tech Industries • Financial Audits, Review of SEC filings including Registration Statements, 10K and 10Q • Statutory Audits for the State of New Jersey and Minnesota EDUCATION: CPA, CIDA (Certified Derivatives and Investment Auditor) MBA coursework at Sacred Heart University, Fairfield, CT (3.83 GPA). BA, Mathematics from Western Connecticut State University, Danbury, CT